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20110701
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and republicans are saying that there's just not enough time to work out a big deal. there's a heightened sense of urgency in washington to come up with a deal to raise the nation's credit limit. lawmakers are at a standoff over how to tackle the deficit and prevent the nation from defaulting on its debt. the major sticking point -- taxes. president obama's plan would cut the deficit by $4 trillion. to do that the president and the democrats are calling for some tax increases. by closing tax loopholes for some businesses. that's a nonstarter for republicans. >> we're not going to raise taxes in the middle of this horrible economic situation. >> reporter: republicans are pushing for cuts to medicare and social security. president obama told lawmakers last night he's prepared to put social security on the table but some democratic lawmakers say no way. >> house democrats aren't supporting any cuts in benefits for social security or medicare. >> reporter: the obama administration is warning of dire consequences of what would happen if it reaches the debt ceiling. president obama will hold a press
, and couples are now being chosen for the date by lottery. >> what an influx it will be. >> certainly a big day. >>> all right. an update to what appeared to be a city's tough stance on distracted pedestrians. >> it had been reported that philadelphia was cracking down on texting while walking with hefty fines in place if you crossed that boundary. the city's depp city mayor says not true. pedestrians will be reminded to be aware of their surroundings w will certainly not be fined. >> it would have been hard to enforce a bit. >> i agree. >>> coming up next after the break, stocks are surging this morning. we'll check k the new numbers. >>> the hunt for casey anthony. where is she beginning her new life? this morning a clue. >>> and extreme eating at your favorite chain restaurant, the meals look tasty but the food police tell us just how bad they are. we'll be right back. >>> overseas markets are higher this morning after the dow's best day so far this year. investors are also optimistic about the debt crises in both europe and the u u. tokyo's nikkei average added 116 points today. hong kong'
but they are calling to see if the 32-year-old girlfriend's death is suspicious. >>> we know texting and driving a big no-no but the city of philadelphia is stepping up its crackdown on pedestrians who can't take their eyes off their phones. the city outlawed texting and walking back in may but starting next month officers plan to hand out more tickets and will cost offenders 120 bucks a pop. >>> a warm, appreciative homecoming for the u.s. team. they arrived in new york yesterday. we'll have more from the team in a few minutes and also several members are live this morning on "good morning america." great to see them home. they did a wonderful job.b. >>> turning now to some of last night's baseball action, we get the highlights from espn news. >>> good morning, i'm don bell with your espn news update. big night on the diamond. tick wakefield and the red sox taking on the orioles. orioles down fifth. nolan doubles out. two lungs will score. orioles up 7-6. a wild afafrment a lot of runs scored. tied at 10. bases loads. pedroia to right. we can make it if we dry. scutero scored and pedroia's 16-game hi
. the previous three to four months wasn't long enough to find a new job. >>> big pickup trucks respect selling. there's concern that could lead to price wars and lower profits. the biggest backlog is gm full size pickup trucks and gmc sierra. >> that is not a problem for the toyota prius. the automaker expects this year's sales to beat last year's despite the natural disasters that cut production. the increase of the prius sales was fueled by high gas pricic. >>> back to school sales are starting early. sorry, kids. one reason is that stores are nervous about consumer spending despite yesterday's good retail spending numbers. last year consumers spent more than $55 million on back-to-school shopping. >> the brand-new pencil keeper. >>> the shocking report on obesity rates across the country. here we go again, all the abdomen shots. why this is an alarming epidemic. >>> while being embroiled in a scandal rupert murdoch's world is crumbling around him. yeah, dirt? do you think the two of us will ever find the one? well, we've been left behind by so many mops and brooms... aw, man! ...but we have
. the republicans are insisting that the debt ceiling can be raised as much as spending is big cut. the speaker is focusing on a short-term deal. cut it by a trillion dollars. president obama has said that is a nonstarter. >> to go through this whole exercise all over again? that we're not going to do. rounds on sunday to make their case to an increasingly anxious public. >> i know that the president is worried about the next election. t shouldn't we be worried about the country? >> the speaker wanted the outline of the plan before 4:00 p.m. eastern sunday to send a positive message to the foreign markets. that deadline passed and this morning the asian markets are down and the u.s. futures aren't looking good, either. both sides are main resolute. >> there's no choice, there's no alternative. >> both sides will be back at work on duelili plans this morning. >> if our credit ratininis lower, ordinary americans will take a hard hit in the f fm of higher interest rates, car loans. >>> in norway the man in arrested in friday's maz murder is being arraigned in the killing of at least 93 people, mos
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. the republicans are insisting that the debt ceiling can be raised as much as spending is big cut. house speaker john boehner is focusing on a rm dealingshort-tg that will raise the debt ceiling by a trillion dollars. president obama has said that is a nonstarter. >> and then go through this whole exercise all over again? that we're not going to do. >> as washington remains at an impasse, each side made the talk show rounds on sunday to make their case to an increasingly anxious public. >> i know that the president is worried about the next election. but shouldn't we be worried about the country? >> the speaker wanted the outlines of the plan before 4:00 p.m. eastern sunday to send a positive message to the financial markets. that deadline passed and this morning the asian markets are down and the u.s. futures aren't looking good, either. both sides remain resolute that a deal will be reached and disaster a avoided. >> there's no choice, there's no alternative. >> both sides will be back at work on dueling plans this morning. if u.s. d >> if u.s. does default, our credit rating is lower, ordina
Search Results 0 to 13 of about 14 (some duplicates have been removed)

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